Stocks sink after Fed dents hopes for multiple interest-rate cuts

After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.

• Apr 23, 2024Crude oil prices today: WTI above $83 on hopes for interest rate cuts+0.3%
• May 4, 2022Stocks rally after Fed hikes rates, crude jumps-2.7%
• Jul 31, 2024Stocks rise; yields, dollar lower as Fed signals rate cut-2.1%
• Aug 23, 2024Oil climbs over 2% after Fed's Powell indicates US rate cuts | Reuters+4.2%
• Oct 31, 2019Rupee rises 9 paise against US dollar after Fed rate cut - The Hindu+2.4%

After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.

• Apr 23, 2024Crude oil prices today: WTI above $83 on hopes for interest rate cuts+1.5%
• Aug 26, 2024Interest rates: US dollar sinks as traders position for rate cuts by the Federal Reserve-0.2%
• May 4, 2022Stocks rally after Fed hikes rates, crude jumps-2.3%
• Jul 31, 2024Stocks rise; yields, dollar lower as Fed signals rate cut-3.0%
• Oct 29, 2026Brent moves lower as US Fed maintains interest rates-5.4%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Jul 31, 2019Gold, Silver Dip as Fed Cuts Rates for First Time Since 2008 | INN+0.9%
• Mar 20, 2025EUR/USD weakens as Fed sees no rush for interest rate cuts+0.3%
• Aug 1, 2018Gold pinned lower after Fed announces unchanged interest rates+0.2%
• Mar 20, 2026US dollar rises after Federal Reserve leaves interest rates unchanged, while gold prices slip | The Straits Times+0.2%
• Jan 19, 2017Stocks, currencies fall after Fed's Yellen signals rate hikes-0.4%